Cheniere Energy Stock Price, News & Analysis

Cheniere Energy reported Q3 2022 financial results with a Consolidated Adjusted EBITDA of approximately $2.8 billion, bringing the year-to-date total to $8.5 billion. Distributable Cash Flow reached approximately $2.0 billion for Q3. Despite these gains, the company recorded a net loss of approximately $2.4 billion for the quarter. The firm reconfirmed its 2022 guidance for EBITDA between $11.0 billion and $11.5 billion and increased its quarterly dividend by 20%. Additionally, Cheniere's credit ratings were upgraded by Moody's and Fitch.

Cheniere Energy, Inc. announced a quarterly cash dividend of $0.395 per common share, set to be paid on November 16, 2022, to shareholders recorded by the close of business on November 8, 2022. The company is a leading producer and exporter of liquefied natural gas in the U.S., with a total LNG production capacity of around 45 million tonnes per annum (mtpa) and an additional 10+ mtpa capacity under construction. Cheniere's strategic initiatives support its position as a full-service LNG provider.

Cheniere Energy Partners, L.P. (CQP) has announced a cash distribution of $1.07 per common unit to unitholders, with a record date of November 3, 2022. This distribution is composed of a base amount of $0.775 and a variable amount of $0.295, payable on November 14, 2022. Additionally, foreign investors’ distributions are subject to federal income tax withholding. Cheniere Partners operates the Sabine Pass LNG terminal, capable of producing approximately 30 million tonnes per annum of LNG, and owns the Creole Trail Pipeline interconnected to large interstate pipelines.

Cheniere Energy, Inc. (LNG) has joined the Oil and Gas Methane Partnership 2.0, aiming to enhance transparency in methane emissions reporting within the oil and gas sector. This move aligns with the company's climate initiatives, including quantifying greenhouse gas emissions across its supply chain. Cheniere has initiated a program measuring emissions at its Sabine Pass and Corpus Christi terminals and is issuing Cargo Emissions Tags (CE Tags) to customers, reflecting GHG emissions for each cargo. This commitment supports energy security for the European Union and contributes to climate action.

Cheniere Energy, Inc. (AMEX:LNG) will release its third-quarter 2022 financial results on November 3, 2022, before the market opens. An investor conference call is scheduled for 11:00 a.m. ET the same day to discuss the results. Cheniere, a leading LNG producer in the U.S., operates major liquefaction facilities with a total capacity of approximately 45 mtpa, with additional capacity under construction. The company is actively pursuing further expansion opportunities along the LNG value chain.

Cheniere Energy has appointed Brian E. Edwards to its Board of Directors, effective October 3, 2022. Edwards, a Senior Vice President at Caterpillar, brings over 20 years of experience in manufacturing and engineering. He will serve on the Audit and Compensation Committees. Additionally, the company announced the retirement of David B. Kilpatrick from the Board, who contributed to the company since 2003. The changes reflect Cheniere's commitment to leadership that supports its growth as a leading liquefied natural gas operator globally.

Cheniere Energy, Inc. has promoted Corey Grindal to Executive Vice President and Chief Operating Officer, effective January 2, 2023. Grindal, who has been with the company since 2013, will continue to report to CEO Jack Fusco and will oversee Operations, Engineering, Construction, Shared Services, and Worldwide Trading. This leadership change is aimed at enhancing operations and coordination within the company as it focuses on LNG production. Cheniere is a top producer and exporter of liquefied natural gas in the U.S., with significant production capacity and expansion plans.

WhiteWater Midstream and Cheniere Energy have initiated construction of the ADCC Pipeline, a new joint venture pipeline extending 43 miles to Cheniere's Corpus Christi facility. The pipeline is designed to transport 1.7 Bcf/d of natural gas, with potential expansion to 2.5 Bcf/d, expected to be operational by 2024, pending regulatory approvals. The Whistler Pipeline, part of this consortium including MPLX, facilitates natural gas transport from the Permian Basin to export markets in South Texas.

Cheniere Energy announced a long-term capital allocation plan aiming for sustainable growth and shareholder returns. Key highlights include an increase in available cash projections to over $20 billion by 2026 and a proposed run-rate Distributable Cash Flow of over $20 per share. The company raised its 2022 financial guidance, projecting Consolidated Adjusted EBITDA between $11.0 billion and $11.5 billion, and a 20% increase in dividends to $1.58 per share. The revised plan emphasizes debt reduction, share repurchases, and growth, with a long-term leverage target of approximately 4x.